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MATCHING GRANT FOR BUSINESS START-UPS
Articles courtesy of SMIDEC:Small & Medium Industries Development Corporation |
OBJECTIVE
The scheme provides assistance to assist start-up of businesses.
QUALIFYING CRITERIA
· Manufacturing companies or companies providing manufacturing related services Incorporated under the Companies Act 1965 or enterprises in the manufacturing sector incorporated under the Registration of Business Ordinance 1956 with annual sales turnover of not exceeding RM25 million or full-time employees not exceeding 150
· For the services sector, businesses incorporated under the Registration of Business Ordinance 1956 with an annual sales turnover of not exceeding RM5 million or full-time employees not exceeding 50
· At least 60% equity held by Malaysians
· Possess valid premise license and in operation not more than 12 months
SECTOR COVERAGE
· Manufacturing
· Manufacturing Related Services**
· Services (excluding insurance and financial services)
FORM OF ASSISTANCE
Assistance is given in the form of a matching grant where 50% of the approved project cost is borne by the Government and the remainder by the applicant. For enterprises in the manufacturing sector*, incorporated under the Registration of Business Ordinance 1956, assistance is given up to 80% of the approved cost. The maximum grant allocated per application is RM 100,000
ELIGIBLE EXPENSES
Expenses incurred in starting up a business, including:
· Preparation of Business Planning
· Related Feasibility Studies
· Rental of incubators and business premises up to 24 months
· Rental of equipment and machineries
· Development of prototype
· Product sample and testing
· Purchase of machinery or office equipment
· One year broadband subscription fee
** Main activities under manufacturing related services are:
· Research and Development ( R & D) such as product/ process development and software development
· Product and Process Design
· Distribution and Logistics such as warehousing, freight forwarding, bulk breaking, international procurement centre, haulage
· Marketing such as packaging and market research
· Environmental Management
· Other related services such as engineering support services, gas sterilization services, calibration and testing services
APPLICATION
Application can be made using the Matching Grant for Business Start-Ups Form which can be obtained free of charge from SMIDEC's offices or download here:
Online Application
Application Form & Project Proposal
All forms are in PDF (Acrobat) format. To read PDF files you will need a copy of the (free) Acrobat Reader. Please go to Adobe's website to download the reader.
DIRECT ENQUIRY
Puan Shuhaidah Mohd Shariff (6207 6000 ext 6191)
Secretariat Matching Grant for Business Start-Ups
Small and Medium Industries Development Corporation (SMIDEC)
Aras 20, West Wing, Menara MATRADE
Jalan Khidmat Usaha, Off Jalan Duta
50480 Kuala Lumpur
Tel No: 03-6207 6000
Fax No: 03-6201 6564
E-mail : mailto:info@smidec.com.my
Infoline : 1-300-88-1801
Website http://www.smidec.gov.my/
